INTERNATIONAL MONETARY FUND
INTERNATIONAL DEVELOPMENT ASSOCIATION
Enhanced Heavily Indebted Poor Countries (HIPC) Initiative–Status of Non–Paris
Club Official Bilateral Creditor Participation
Prepared by the Staffs of the IMF and the International Development Association
Approved by Mark Allen and Danny Leipziger
September 10, 2007
Contents
Page
Executive Summary ...................................................................................................................4
I. Introduction ...........................................................................................................................5
II. Updated Estimates of the Provision of Debt Relief ..............................................................6
III. Factors Contributing to the Limited Progress....................................................................11
IV. Conclusions and Next Steps ..............................................................................................15
Tables
Table 1. Estimated Debt Relief from Non-Paris Club Official Bilateral Creditors ...................8
Table 2. Expected HIPC Initiative Debt Relief from Non-Paris Club Creditors as a share of
Total Debt Relief.....................................................................................................................14
Figures
Figure.1. Delivery of Debt Relief by Non-Paris Club Creditors to Post-Completion Point
Countries ....................................................................................................................................8
Boxes
Box 1. People’s Republic of China: Debt Relief to HIPCs .....................................................11
Box 2. HIPC-to-HIPC Relief ...................................................................................................13
Appendix Tables
Appendix Table 1. Delivery of Debt Relief by Non-Paris Club Official Bilateral Creditors..17
Appendix Table 2. Non-Paris Club Debt Relief as a Share of Total Debt Relief...